CNUV - WKN: A0MY40 - China Nuvo Solar Provides Update on Freya Acquisition

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CNUV - WKN: A0MY40 - China Nuvo Solar Provides Update on Freya Acquisition

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RECENT ACQUISITION ANNOUNCEMENT!
China Nuvo Solar Announces Plans to Acquire Lithium Ion Battery Manufacturer Freya Energy Inc.Business Wire (Wed, Mar 9)
WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- China Nuvo Solar Energy, Inc. (OTCBB: CNUV) today announced plans to acquire lithium ion battery company Freya Energy Inc. (“Freya”). The parties have executed a non-binding Letter of Intent (“LOI”) and are moving toward the signing of a definitive agreement over the next sixty days. Pursuant to the terms of the LOI, China Nuvo Solar would acquire one hundred percent of the outstanding common stock of Freya. Further details of the agreement will be released in the near future. The Company will continue to trade under the stock ticker “CNUV” with Freya becoming a wholly owned subsidiary of the alternative energy parent.
WHO IS FREYA ENERGY?
Freya is a producer of safe large format lithium ion cells and batteries for demanding applications. Freya believes its proprietary separator provides greater safety than competitive products and provides a higher energy density than others on the market.

Freya's technology is protected by patent filings, ready for manufacture and requires no additional research and development. Freya has developed a commercialization plan for rapid market entry. Its personal relationships with known and established customers, positions the company for timely sales in the United States and Europe. Subject to initial funding and satisfactory prototypes, Freya has several million dollars in letters of intent that can be converted to purchase orders.
FREYA ALREADY HAS MILLIONS OF DOLLARS IN ORDERS READY FOR FINAL PROTOTYPES!
"We are very encouraged about the commercialization of our technology, as evidenced by the multi-million dollars in order commitments we have received, subject to the delivery of satisfactory prototypes.”

China Nuvo Solar Energy Aktie ISIN: US16942T1034 | WKN: A0MY40 | Symbol: TZS

Freya Energy's Unique Large Format Lithium Ion Cells And Batteries
Details on Freya Energy's Lithium Ion Cells and Batteries - Solar Novus Today
China Nuvo Solar Provides Information on Freya Energy

Low Fl.oater - Very Tight and Very explosives Great Stock - My personally Target: 1+ U$ +++
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China Nuvo Solar Engy (QB) (USOTC:CNUV)
Historical Stock Chart
1 Month : June 2011 to July 2011
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China Nuvo Solar Energy, Inc. (OTCQB:CNUV) updated today its progress with the previously announced Freya Energy, Inc. acquisition. Although the current Letter of Intent has expired, the parties are continuing the negotiations for a stock purchase agreement regarding a number of issues, but have not reached agreement on the issues under discussion. In addition, the company has not been able to finalize a term sheet to meet the financing conditions for closing. None of the term sheets presented in final analysis met the previously announced criteria that they be substantially non-dilutive and non-toxic to existing shareholders. The Company continues to seek financing alternatives that would meet these requirements, but can make no assurance that it will be successful in doing so.
About Freya Energy
Freya is a producer of safe large format lithium ion cells and batteries for demanding applications. Freya believes its proprietary separator provides greater safety than competitive products and provides a higher energy density than others on the market.
Freya's technology is protected by patent filings, ready for manufacture without the need for additional research and development. Freya has developed a commercialization plan for rapid market entry. Its personal relationships with known and established customers position the company for timely sales in the United States and Europe. Subject to initial funding and satisfactory prototypes, Freya has millions of dollars in letters of intent that can be converted to purchase orders.
Freya has an experienced management and technical team led by well respected innovators in battery technology.
About China Nuvo Solar Energy
China Nuvo Solar Energy, Inc. is a development stage company that owns unique patent pending solar and photovoltaic related technology. The

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DEFINITIVE AGREEMENT SIGNED


China Nuvo Solar Announces Definitive Agreement Signed to Acquire Medical Products company SurgLine, Inc.



RECENT BIG NEWS!!!


China Nuvo Solar Target Acquisition SurgLine Signs Agreement for Sales to U.S. Department of Veterans Affairs (VA)


China Nuvo Solar Target Acquisition SurgLine Announces Third-Party Distribution Agreement With OptiMedical, Corp.

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CNUV - News $$$$ China Nuvo Solar Target Acquisition SurgLine Updates OptiMedical Corp.'s Sales Forecast in Excess of $10,000,000
China Nuvo Solar Engy (QB) (USOTC:CNUV)
Intraday Stock Chart
Today : Tuesday 16 August 2011
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China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that SurgLine, Inc. ("SurgLine") and one of its previously announced stocking distributors, OptiMedical Corp. ("OptiMedical") is in the final stages of completing a multi-million dollar order and as a result has revised its forecast to be in excess of $10 million by the end of 2012. Additionally, the Company is negotiating with other stocking distributors and channel sales agreements with third parties regarding additional sales and distribution of the Company's product line.
Tom Toland, CEO of SurgLine stated, "The stocking distributorship agreement we have in place with OptiMedical Corp. is just one example of how we plan to penetrate the marketplace. They happen to specialize as a trauma product distributor, and we are confident their sales can reach the $10 million plateau. When you combine the upwardly revised OptiMedical forecasted revenues with our other previously announced agreements we believe we are building the foundation for the future of our Company."
About SurgLine, Inc.
SurgLine (Surgline > Homepage) sources and distributes high quality FDA approved medical and surgical products at discount prices, thereby reducing or eliminating the historical brand premium paid by healthcare providers including acute care hospitals, surgery centers, surgical hospital, self insured employers and insurance companies. SurgLine offers high quality medical and surgical supplies and products at substantial savings utilizing stocking distributors and institutional buyers by sourcing products globally without the historical brand premium and industry markup.
About China Nuvo Solar Energy
China Nuvo Solar Energy, Inc. is a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company is also seeking other business opportunities.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
For Further Information Contact:Henry Fong, President (561-514-9042)
SOURCE China Nuvo Solar Energy, Inc.